Carmel Indiana Real Estate Market Reports - October 2008

For the month of October, there were 69 homes sold and closed in Carmel, compared to 89 homes sold in September.

Of the 69 homes sold in October, 7 were homes which were distressed sales; 6 were bank owned and 1 was sold as a short sale. Theer are curretly 50 distressed properties available for sale in Carmel.

The highest price home sold was $1,215,000 for a home with six bedrooms. seven bathrooms and 7297 square feet.

The lowest priced home sold was $13,500. for a home with 2 bedrooms, two bathrooms and 1072 square feet.

The average Carmel home sold was a three bedroom, three bath with 2750 square feet.

The average Days on Market for homes sold was 81 days, down from 89 days last month.

There are currently 797 homes available for sale in Carmel, which gives us an absorption rate of 11.6 months.

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Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were sold between 1/1/2009 and 1/31/2009. This data is reflective of homes which were listed on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed.